Examlex
The following were used during the exam.Which can you discard?
Direct Materials Purchases Budget
A budget that estimates the quantities of direct materials to be purchased to support budgeted production and desired inventory levels.
Sales Budget
A financial plan that estimates future sales volumes and revenues.
Capital Expenditures Budget
A budget that plans for investments in long-term assets like equipment, buildings, and machinery essential for the business's operations and growth.
Operating Budgets
Financial plans for the day-to-day activities of a business, outlining expected revenues and expenses.
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